Question
part a: In June, an investor purchased 290 shares of Oracle (an information technology company)stock at $22 per share. In August, she purchased an additional
part a:
In June, an investor purchased 290 shares of Oracle (an information technology company)stock at $22 per share. In August, she purchased an additional 450 shares at $27 per share. In November, she purchased an additional 420 shares, but the stock declined to $24 per share.
| What is the weighted mean price per share? (Round your answer to 2 decimal places.) |
| Weighted mean | $ |
part b:
In June, an investor purchased 320 shares of Oracle (an information technology company)stock at $17 per share. In August, she purchased an additional 470 shares at $19 per share. In November, she purchased an additional 440 shares, but the stock declined to $15 per share.
| What is the weighted mean price per share? (Round your answer to 2 decimal places.) |
| Weighted mean | $ |
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
